Luxury brands enter India's smaller towns, report says

About a quarter of all luxury stores in India are located outside its major cities of Bangalore, Delhi and Mumbai, according to a report by CII-AT Kearney. Luxury retailers are keen to enter India's market, which is growing rapidly and is expected to hit $5.8 billion this year. "The next couple of years are going to be the most fascinating times for the luxury industry here," said Burberry CEO Angela Ahrendts.